Accounting Principles and Terminology Quiz
5 Questions
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Accounting Principles and Terminology Quiz

Created by
@PromisedSodalite

Questions and Answers

Who are the stakeholders to whom accounting information is conveyed?

Stakeholders include investors, creditors, management, and regulators.

What are the fields into which accounting can be divided?

Accounting can be divided into several fields including financial accounting, management accounting, tax accounting, and cost accounting.

What is the focus of financial accounting?

Financial accounting focuses on the reporting of an organization's financial information to external users such as investors, regulators, and suppliers.

What is accounting also known as?

<p>Accounting is also known as accountancy.</p> Signup and view all the answers

What is the focus of management accounting?

<p>Management accounting focuses on the measurement, analysis, and reporting of information for internal use by management.</p> Signup and view all the answers

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